3.9% Increase Annually Through 2016
Worldwide demand for flourine-containing chemicals is expected to increase 3.9% annually to 3.5 million metric tons in 2016. This information was released by Reportlinker.com and reported on by AZoM.
Growing production of refrigeration and cooling equipment is driving the numbers. HCFC demand will fall through 2016, while HFCs will continue strong growth as a replacement to HCFCs. Forecasts show the largest market growth in the Asia-Pacific region with smaller Africa - Mideast and Eastern European markets showing above-average gains.
This report uncovered several challenges to flouro chemical production. China is a major exporter of fluorospar and has been restricting exports of this key raw material. As those of us in the HVAC/R industry well know, the unstable regulatory environment makes supply and demand a bit unpredictable. There is also a growing market for alternatives to flouro- chemical use in the commercial refrigeration market and blowing agents market.
The full article may be found by clicking Here
AZoM, July 6, 2012, Cameron Chai